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(WO) — Transocean Ltd. is in talks to merge with rival offshore drilling contractor Seadrill Ltd., as deepwater drilling work is once again on the rise thanks to steady oil prices and slower production growth from U.S. shale fields. View the full article
(WO) — Matador Resources Co. plans to produce more oil in 2024 than previously planned, a signal that wells in the western part of the Permian basin — the busiest U.S. oil field — continue to lead national oil growth. View the full article
(WO) — Kongsberg Maritime will supply an extensive range of equipment for a new fleet of 10 platform supply vessels (PSV) being built by Fujian Mawei Shipbuilding in China for Greek shipowner, Capital Offshore. View the full article
(WO) — Operators need to plug 200 North Sea oil and gas wells a year to meet targets. OEUK's 2024 report shows that a stable government can keep decommissioning jobs in the U.K. and prevent contracts being won by European rivals.
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(WO) — Namibia’s next wave of offshore oil drilling is set to begin with the arrival of a rig near an existing discovery made by Galp Energia SGPS S.A. View the full article
(WO) — Sunda Energy, an exploration and appraisal company focused on assets in Southeast Asia, gives an update on its operational and funding planning with respect to the Chuditch PSC development in Timor-Leste and an update on new business ventures. View the full article
(WO) — C-Kore Systems has announced the successful deployment of their 900th subsea testing tool. This significant milestone was reached with a mobilization for a major operator in Brazil, monitoring umbilical installations during a large-scale campaign. View the full article
This is the second in a three-part series exploring the American Petroleum Institute’s (API's) standards development process. World Oil recently spoke with Paula Watkins, API Senior Director of Standards Development, to gain insights into the intricacies of that process, the role of collaboration, and the challenges along the way. View the full article
(WO) — BiSN, the global provider of wel-lok™ sealing solutions, has achieved a significant milestone by reaching 500 commercial deployments of its bismuth-based sealing technology. View the full article
(WO) — Oil prices persevered as traders tracked tensions between Israel and Iran, with strikes continuing amid U.S. efforts to facilitate a cease-fire agreement. View the full article
(WO) — Founded in 1994 with very few resources, the growth and evolution of Norwegian firm ClampOn is not only a great success story, it also serves as a classic textbook example of oil and gas entrepreneurship. View the full article
(WO) — Enovate AI has partnered with Blu Clarity to deliver AI-powered real-time data analytics that will enhance efficiency, reduce costs, promote sustainability and ultimately revolutionize upstream oil and gas operations. View the full article
(WO) — Oil prices persevered as traders tracked tensions between Israel and Iran, with strikes continuing amid U.S. efforts to facilitate a cease-fire agreement. View the full article
(WO) — CNOOC Limited has commenced production on its Xijiang 30-2 Oilfield Xijiang 30-1 Block Development Project ahead of schedule. The project is expected to achieve a peak production of approximately 26,000 boed in 2027. View the full article
(WO) — Halliburton has introduced iCruise® Force, part of a strategic product system designed to expand drilling capabilities to optimize performance and maximize asset value for operators. View the full article
(WO) — CNOOC has commenced production on its Xijiang 30-2 Oilfield Xijiang 30-1 Block Development Project ahead of schedule. The project is expected to achieve a peak production of approximately 26,000 boed in 2027. View the full article
(WO) — As part of an ongoing joint venture with LGX Energy, Black Gold Exploration has added 822 acres to the package of oil, gas and mineral leases in Indiana, U.S., where LGX is actively involved in exploration and production.
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(WO) — The American Petroleum Institute (API) issued a statement supporting a federal court's decision that will avoid significant consequences for American energy security and allow new and existing oil and gas operations to continue.
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(WO) – Oman’s state energy company OQ SAOC is set to kick off the initial public offering of its methanol and liquefied petroleum gas (LPG) unit as soon as the end of this month. View the full article
TAQA, a Middle East-based well solutions provider, has introduced a new inflow control system to optimize reservoir performance while enabling operators to sustainably manage fluid production. View the full article
(WO) – Venezuela detained former Oil Minister Pedro Tellechea over the weekend as part of an internal purge at the state-owned oil company, PDVSA, after President Nicolás Maduro’s disputed reelection. View the full article
Nigeria approved Exxon Mobil Corp.’s sale of its onshore oil and gas assets to domestic energy supplier Seplat Energy Plc, but rejected a similar deal by Shell Plc. View the full article
Phoenix Capital Group has announced significant results from its latest wells in the Bakken shale region, with rapid expansion marking them as a top producer. View the full article
Nigeria approved Exxon Mobil Corp.’s sale of its onshore oil and gas assets to domestic energy supplier Seplat Energy Plc, but rejected a similar deal by Shell Plc. View the full article
TDI-Brooks has successfully completed its fifth geotechnical investigation for DenAr Ocean Engineering S.A. The RV Nautilus was dispatched to the Black Sea from the U.S. East Coast to facilitate this operation. View the full article
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About this blog
I started this blog to express what I sense about the highs and lows of the oil realm, while cautiously analysing historical data, taking into account the geo-political development at the time of recording them.
I got into this field, having been a passive observer of fluctuations of crude oil prices and their global consequences for years.
Then, when on the day of Great Oil Crash in April, 2020, I made a decision to make my own blog, with the motto, ‘analysing data that really matters’.
Having come from an academic background in mathematics and physics, I analyse data using my own tools, created with JavaScript and Python, taking my decision on board while making decisions.
